iPerceptions Announces Record Revenue for Q1 2008
May 14 2008 - 2:13PM
Marketwired
MONTREAL , a leading provider of web-focused Voice of Customer
Analytics, today reported their first quarter results for 2008 and
announced a 47% increase in revenues for the first quarter 2008
compared to the same period last year.
Business highlights for the Quarter:
-- iPerceptions expanded its user-base significantly in the first quarter
of 2008 with the launch of a free survey tool called 4Q. 4Q allows website
owners and operators of all sizes to quickly and easily understand the
reasons visitors are coming to their website and whether or not they are
able to complete their tasks. By being co-marketed by respected analytics
expert Avinash Kaushik (author of "Web Analytics: An Hour a Day" and well
known web analytics blog "Occam's Razor"), millions of small to medium
business owners will now have a no-barrier solution to entry in beginning
to understand website optimization and voice of customer analysis. 4Q is a
platform for iPerceptions to generate a great deal of brand awareness and
mind share in the analytics market, which will ultimately turn into a
strong conversion funnel for iPerceptions' enterprise solution, the
webValidator.
-- Q1 2008 also saw the completion of iPerceptions' acquisition of the
Repindex Technology, which analyzes the open-ended user commentary provided
by the webValidator and outputs descriptions and measurements of the main
concepts and key takeaways that this open-ended text provides for our
clients, adding to the value of the webValidator deliverables.
-- Other Q1 2008 business development highlights include the opening of a
London, UK office, and the addition of high-profile clients to its customer
portfolio including Canadian Tire, Monster Worldwide, Constellation Energy
and Century 21. Along with a contract extension of a major automotive
client valued at over $320,000, iPerceptions also renewed business with
such clients as Choice Hotels, Hyundai, Yamaha Land and Sea, Kraft in this
past quarter.
iPerceptions delivered the following results for the first
fiscal quarter of 2008:
Revenue: For the quarter ended March 31, 2008, revenue totaled
$947,230 compared to $645,949 for the corresponding period in the
previous fiscal year, an increase of 47%.
Net loss and Earnings per Share: Net loss and comprehensive loss
for the quarter ended March 31, 2008 was $530,059 compared to
$392,198 in the same period of 2007. The increase in net loss is
mostly attributable to the increase in sales and marketing to
acquire new business and research and development activities. The
first quarter basic and diluted loss per share for 2008 and 2007
were $0.01 and $0.02 respectively.
Cash position: Total cash and cash equivalents are $1,283,629 at
the end of the first quarter. During the first quarter 2008, the
cash used in operating activities amounted to $749,398.
"With the launch of 4Q, the official opening of our London
office, and all the other activity that has taken place in the
first quarter of 2008, iPerceptions has been extremely busy
spreading the Voice of the Customer," says Jerry Tarasofsky, CEO
and President of iPerceptions. "We are providing leading companies
with crucial customer-based business intelligence. More and more
leading companies are realizing how essential it is to tune in to
the Voice of the Customer in order to remain a viable business in
this ever-changing economic landscape."
For additional information, consult our Management Discussion
and Analysis filed on SEDAR at www.sedar.com.
About iPerceptions:
iPerceptions is one of North America's leading web-focused Voice
of Customer analytics providers. Its webValidator Continuous
Listening solution and Proprietary iPerceptions Satisfaction Index
(iPSI), turn thousands of data points into easy-to-understand
strategic and tactical decision support for website marketers.
iPerceptions' clients include such well known brands as
InterContinental Hotels, General Motors, Dell Computers, Hyundai,
LG Electronics, Toshiba, Choice Hotels International, BMW and
Monster Worldwide. iPerceptions has offices in New York, Toronto,
Montreal and London, UK.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this press release.
Media information: Jonathan Levitt Vice President Marketing
iPerceptions Inc. Tel: 514-488-3600 Fax: 514-484-2600 Investor
information: Jerry Tarasofsky Chief Executive Officer iPerceptions
Inc. Tel: 514-488-3600 Fax: 514-484-2600 Martin Faucher Chief
Financial Officer iPerceptions Inc. Tel : 514-488-3600 Fax:
514-484-2600
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